Sears Sells Craftsman Brand To Stanley Black & Decker

Sears is selling its well-known Craftsman brand to Stanley Black & Decker Inc., which plans to grow the tool brand by selling its products at more stores.

Currently, only 10 percent of Craftsman products are sold outside of Sears-owned department stores. Sears will continue to sell Craftsman products at its stores, including Kmart and Sears Hometown.

Stanley will pay about $900 million for Craftsman, which includes $525 million when the deal closes this year, $250 million after three years and a percentage of sales for 15 years. After 15 years, Sears will start paying Stanley 3 percent of the Craftsman sales it makes.

Multiple women are accusing Morgan Freeman of sexual harassment. Sixteen people spoke with CNN and said they either witnessed or were directly subjected to inappropriate comments, staring or touching by the actor.

Multiple women are accusing Morgan Freeman of sexual harassment. Sixteen people spoke with CNN and said they either witnessed or were directly subjected to inappropriate comments, staring or touching by the actor.